Logo image of 2020.OL

2020 BULKERS LTD (2020.OL) Stock Fundamental Analysis

OSL:2020 - Euronext Oslo - BMG9156K1018 - Common Stock - Currency: NOK

112.5  -0.9 (-0.79%)

Fundamental Rating

6

2020 gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 87 industry peers in the Marine Transportation industry. 2020 scores excellent points on both the profitability and health parts. This is a solid base for a good stock. 2020 is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

Quickly go to:

9

1. Profitability

1.1 Basic Checks

In the past year 2020 was profitable.
2020 had a positive operating cash flow in the past year.
Each year in the past 5 years 2020 has been profitable.
In the past 5 years 2020 always reported a positive cash flow from operatings.
2020.OL Yearly Net Income VS EBIT VS OCF VS FCF2020.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M -100M

1.2 Ratios

The Return On Assets of 2020 (17.83%) is better than 85.00% of its industry peers.
Looking at the Return On Equity, with a value of 32.00%, 2020 is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
2020's Return On Invested Capital of 15.97% is amongst the best of the industry. 2020 outperforms 85.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for 2020 is in line with the industry average of 12.38%.
The 3 year average ROIC (13.93%) for 2020 is below the current ROIC(15.97%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 17.83%
ROE 32%
ROIC 15.97%
ROA(3y)14.61%
ROA(5y)12.95%
ROE(3y)28.88%
ROE(5y)28.22%
ROIC(3y)13.93%
ROIC(5y)12.58%
2020.OL Yearly ROA, ROE, ROIC2020.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20 30 40 50

1.3 Margins

2020's Profit Margin of 57.76% is amongst the best of the industry. 2020 outperforms 100.00% of its industry peers.
2020's Profit Margin has improved in the last couple of years.
2020 has a Operating Margin of 64.98%. This is amongst the best in the industry. 2020 outperforms 100.00% of its industry peers.
In the last couple of years the Operating Margin of 2020 has grown nicely.
2020 has a better Gross Margin (81.83%) than 100.00% of its industry peers.
In the last couple of years the Gross Margin of 2020 has grown nicely.
Industry RankSector Rank
OM 64.98%
PM (TTM) 57.76%
GM 81.83%
OM growth 3Y1.88%
OM growth 5Y49.3%
PM growth 3Y3.06%
PM growth 5YN/A
GM growth 3Y0.45%
GM growth 5Y2.23%
2020.OL Yearly Profit, Operating, Gross Margins2020.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60 80

More info and screens

7

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so 2020 is creating value.
2020 has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for 2020 has been increased compared to 5 years ago.
2020 has a better debt/assets ratio than last year.
2020.OL Yearly Shares Outstanding2020.OL Yearly Shares OutstandingYearly Shares Outstanding 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M
2020.OL Yearly Total Debt VS Total Assets2020.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

2.2 Solvency

An Altman-Z score of 2.92 indicates that 2020 is not a great score, but indicates only limited risk for bankruptcy at the moment.
2020's Altman-Z score of 2.92 is amongst the best of the industry. 2020 outperforms 90.00% of its industry peers.
2020 has a debt to FCF ratio of 3.18. This is a good value and a sign of high solvency as 2020 would need 3.18 years to pay back of all of its debts.
With a Debt to FCF ratio value of 3.18, 2020 perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
A Debt/Equity ratio of 0.74 indicates that 2020 is somewhat dependend on debt financing.
The Debt to Equity ratio of 2020 (0.74) is worse than 60.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.74
Debt/FCF 3.18
Altman-Z 2.92
ROIC/WACC1.84
WACC8.67%
2020.OL Yearly LT Debt VS Equity VS FCF2020.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M

2.3 Liquidity

A Current Ratio of 2.45 indicates that 2020 has no problem at all paying its short term obligations.
The Current ratio of 2020 (2.45) is better than 90.00% of its industry peers.
A Quick Ratio of 2.45 indicates that 2020 has no problem at all paying its short term obligations.
2020 has a Quick ratio of 2.45. This is amongst the best in the industry. 2020 outperforms 90.00% of its industry peers.
Industry RankSector Rank
Current Ratio 2.45
Quick Ratio 2.45
2020.OL Yearly Current Assets VS Current Liabilites2020.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M

More info and screens

4

3. Growth

3.1 Past

2020 shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -10.26%.
The Earnings Per Share has been growing slightly by 1.97% on average over the past years.
2020 shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -17.64%.
Measured over the past years, 2020 shows a very strong growth in Revenue. The Revenue has been growing by 65.82% on average per year.
EPS 1Y (TTM)-10.26%
EPS 3Y1.97%
EPS 5YN/A
EPS Q2Q%-99.2%
Revenue 1Y (TTM)-17.64%
Revenue growth 3Y-0.52%
Revenue growth 5Y65.82%
Sales Q2Q%-78.27%

3.2 Future

Based on estimates for the next years, 2020 will show a decrease in Earnings Per Share. The EPS will decrease by -3.36% on average per year.
Based on estimates for the next years, 2020 will show a quite strong growth in Revenue. The Revenue will grow by 10.83% on average per year.
EPS Next Y-60.82%
EPS Next 2Y-21.04%
EPS Next 3Y-3.36%
EPS Next 5YN/A
Revenue Next Year-16.1%
Revenue Next 2Y2.47%
Revenue Next 3Y10.83%
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
2020.OL Yearly Revenue VS Estimates2020.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 20M 40M 60M 80M 100M
2020.OL Yearly EPS VS Estimates2020.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 1 2 3

More info and screens

5

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 5.30, which indicates a rather cheap valuation of 2020.
Based on the Price/Earnings ratio, 2020 is valued a bit more expensive than 60.00% of the companies in the same industry.
2020 is valuated cheaply when we compare the Price/Earnings ratio to 27.15, which is the current average of the S&P500 Index.
2020 is valuated cheaply with a Price/Forward Earnings ratio of 5.35.
Compared to the rest of the industry, the Price/Forward Earnings ratio of 2020 is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of 2020 to the average of the S&P500 Index (21.60), we can say 2020 is valued rather cheaply.
Industry RankSector Rank
PE 5.3
Fwd PE 5.35
2020.OL Price Earnings VS Forward Price Earnings2020.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

2020's Enterprise Value to EBITDA is on the same level as the industry average.
2020's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 7.34
EV/EBITDA 5.55
2020.OL Per share data2020.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

2020 has an outstanding profitability rating, which may justify a higher PE ratio.
2020's earnings are expected to decrease with -3.36% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-21.04%
EPS Next 3Y-3.36%

More info and screens

0

5. Dividend

5.1 Amount

No dividends for 2020!.
Industry RankSector Rank
Dividend Yield N/A

More info and screens

2020 BULKERS LTD

OSL:2020 (7/1/2025, 9:41:49 AM)

112.5

-0.9 (-0.79%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)05-07 2025-05-07/bmo
Earnings (Next)N/A N/A
Inst Owners28.28%
Inst Owner ChangeN/A
Ins Owners4.57%
Ins Owner ChangeN/A
Market Cap2.57B
Analysts81.67
Price Target158.44 (40.84%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend37.88
Dividend Growth(5Y)N/A
DP155.42%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-68.83%
Min EPS beat(2)-91.09%
Max EPS beat(2)-46.57%
EPS beat(4)2
Avg EPS beat(4)-26.41%
Min EPS beat(4)-91.09%
Max EPS beat(4)30.29%
EPS beat(8)5
Avg EPS beat(8)0.42%
EPS beat(12)5
Avg EPS beat(12)-2.12%
EPS beat(16)7
Avg EPS beat(16)-2.59%
Revenue beat(2)0
Avg Revenue beat(2)-19.36%
Min Revenue beat(2)-21.48%
Max Revenue beat(2)-17.25%
Revenue beat(4)1
Avg Revenue beat(4)17.29%
Min Revenue beat(4)-21.48%
Max Revenue beat(4)108.02%
Revenue beat(8)3
Avg Revenue beat(8)22.79%
Revenue beat(12)5
Avg Revenue beat(12)15.48%
Revenue beat(16)7
Avg Revenue beat(16)12.16%
PT rev (1m)-1.06%
PT rev (3m)-3.32%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-18.98%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-7.81%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.12%
Valuation
Industry RankSector Rank
PE 5.3
Fwd PE 5.35
P/S 3.07
P/FCF 7.34
P/OCF 7.34
P/B 1.7
P/tB 1.7
EV/EBITDA 5.55
EPS(TTM)21.21
EY18.85%
EPS(NY)21.03
Fwd EY18.69%
FCF(TTM)15.32
FCFY13.62%
OCF(TTM)15.32
OCFY13.62%
SpS36.69
BVpS66.23
TBVpS66.23
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 17.83%
ROE 32%
ROCE 20.74%
ROIC 15.97%
ROICexc 17.07%
ROICexgc 17.07%
OM 64.98%
PM (TTM) 57.76%
GM 81.83%
FCFM 41.76%
ROA(3y)14.61%
ROA(5y)12.95%
ROE(3y)28.88%
ROE(5y)28.22%
ROIC(3y)13.93%
ROIC(5y)12.58%
ROICexc(3y)14.87%
ROICexc(5y)13.42%
ROICexgc(3y)14.87%
ROICexgc(5y)13.42%
ROCE(3y)18.09%
ROCE(5y)16.33%
ROICexcg growth 3Y13.49%
ROICexcg growth 5Y148.43%
ROICexc growth 3Y13.49%
ROICexc growth 5Y148.43%
OM growth 3Y1.88%
OM growth 5Y49.3%
PM growth 3Y3.06%
PM growth 5YN/A
GM growth 3Y0.45%
GM growth 5Y2.23%
F-Score6
Asset Turnover0.31
Health
Industry RankSector Rank
Debt/Equity 0.74
Debt/FCF 3.18
Debt/EBITDA 1.75
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 6.59
Cash Conversion 54.99%
Profit Quality 72.29%
Current Ratio 2.45
Quick Ratio 2.45
Altman-Z 2.92
F-Score6
WACC8.67%
ROIC/WACC1.84
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)117.38%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-10.26%
EPS 3Y1.97%
EPS 5YN/A
EPS Q2Q%-99.2%
EPS Next Y-60.82%
EPS Next 2Y-21.04%
EPS Next 3Y-3.36%
EPS Next 5YN/A
Revenue 1Y (TTM)-17.64%
Revenue growth 3Y-0.52%
Revenue growth 5Y65.82%
Sales Q2Q%-78.27%
Revenue Next Year-16.1%
Revenue Next 2Y2.47%
Revenue Next 3Y10.83%
Revenue Next 5YN/A
EBIT growth 1Y-18.06%
EBIT growth 3Y1.35%
EBIT growth 5Y147.57%
EBIT Next Year-44.4%
EBIT Next 3Y2.09%
EBIT Next 5YN/A
FCF growth 1Y-8.92%
FCF growth 3Y-18.8%
FCF growth 5YN/A
OCF growth 1Y-8.92%
OCF growth 3Y-18.8%
OCF growth 5Y54.36%